James Quincey, CEO of Coca-Cola, speaking on CNBC’s “Squawk Box” outside of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.
Gerry Miller | CNBC
Coca-Cola reported its fourth-quarter earnings before the bell on Tuesday.
Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:
- Adjusted earnings per share: 55 cents, vs. expected 52 cents
- Revenue: $11.5 billion, vs. expected $10.68 billion
Analysts expected the beverage giant to report a 2.5% decline in quarterly sales. Like many consumer companies, Coca-Cola has seen many shoppers become more price sensitive, although premium brands such as Fairlife and Topo Chico have still been reporting strong growth.
Coca-Cola’s away-from-home business has taken a hit as consumers spend less at restaurants, which can often mean buying a burger without the soda or trading down to a smaller drink size. McDonald’s, which is Coca-Cola’s largest customer, reported on Monday the steepest drop in its quarterly U.S. same-store sales since the Covid-19 pandemic.
Coca-Cola will provide its full 2025 outlook when it reports fourth-quarter earnings, although the company is already expecting currency exchange rate changes to hurt its results. The company is projecting a low-single-digit headwind for comparable revenue and a mid-single-digit headwind for earnings per share.
Shares of Coca-Cola have risen 7% over the past year, raising its market cap to roughly $275 billion.
